JD.com (NASDAQ:JD) Shares Gap Up to $25.80

JD.com, Inc. (NASDAQ:JD)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $25.80, but opened at $26.80. JD.com shares last traded at $26.50, with a volume of 6,151,875 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Benchmark dropped their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Sanford C. Bernstein decreased their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Barclays cut their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, Bank of America increased their target price on shares of JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Trading Up 2.7 %

The firm’s fifty day simple moving average is $26.81 and its 200 day simple moving average is $27.44. The stock has a market capitalization of $41.79 billion, a P/E ratio of 11.78 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. JD.com’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that JD.com, Inc. will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new position in JD.com during the second quarter worth about $28,000. Allspring Global Investments Holdings LLC grew its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the first quarter valued at approximately $58,000. CWM LLC boosted its position in JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.